News & Updates
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Major U.S. and Canadian Pension Funds Cut Back on Investments in Office Buildings
October 13, 2022
According to the Wall Street Journal, major funds are anticipating the price of office buildings to fall — and are reducing their investments accordingly. They’ve also been moving away from shopping centres, as people are doing more shopping online these days.
While they’re still interested in buying property to reduce the impact of inflation, these funds are more focused on things like warehouses, lab space, housing and infrastructure.
“The shift is part of a broader transition away from traditional real estate holdings in offices and shopping centers as the COVID-19 pandemic has accelerated the rise of e-commerce and remote work,” the news outlet reports.
To read the full article, click on more information.
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